500 Wilson Ave Est. Occupancy: 2023

OVERVIEW

500 Wilson Ave
North York
Collecdev
gh3* Architects
Completion: 2023
12 Storeys
429 Units

Nordic Condos in North York, Toronto

Jante is the Scandinavian philosophy of collective wellbeing. The idea that everyone has their own role to play in the greater social mosaic, and that those roles are all equally important. Nordic Condos approaches with exactly the same philosophy. Using extensive green space, thoughtfully designed amenities, innovative architecture, and integrated connectivity to everything around, we’ve designed a community where every element contributes to creating the perfect home.

Nordic Condos’ contemporary 12-storey building sits comfortably within the context of the Wilson Heights neighbourhood. The crisp white façade accentuated with spacious balconies, terraces and expansive double-glazed windows, a feature that not only offers timeless beauty and abundant natural light, but improves energy efficiency, ensuring a healthier environment inside and out. The north side of the building features a stepped design, creating a series of terraces where residents can enjoy easy access to nature, while three communal courtyards offer even more opportunities to get outdoors. Human-centred architecture. Modern design. One look is all it takes to fall in love.

Nordic Condos offers a whole host of sustainable initiatives aiming to reduce the negative impact of development, and create a mutually beneficial relationship that strengthens the community and the environment. An innovative geothermal heating and cooling system uses about 40% less energy than a traditional HVAC system, and produces 70% less greenhouse gas, saving over 5 million litres of water every year (and offering residents predictable monthly maintenance fees). Low profile green roofs help reduce the heat island effect and improve air quality. And advanced energy efficient systems like circadian rhythm lighting and smart thermostats with real-time suite energy dashboards make sustainability an integrated part of everyday living.

Nordic Condos, designed to balance the urban environment and foster a sense of wellbeing and good health. Over 50 trees join the canopy of greenery on site, offering shade from summer sunshine or a rainbow of colours come fall, and ensuring the space will offer a natural refuge for decades to come.

A series of green roofs and landscaped courtyards provide beautiful sight lines from every perspective, and soften the sounds of the city, letting nature take centre stage. And nearly 11,000 square feet of outdoor space offer a direct connection to the environment from almost anywhere on site, transforming outdoor amenities into an extension of the home. Research shows that spending time in nature can reduce stress, boost creativity, and increase happiness, so we’ve brought nature right to your door. Breathe it in.

FLOOR PLANS

1 Bedroom
1 Bedroom+den
2 Bedroom
2 Bedroom+den
3 Bedroom

AMENITIES

Concierge
Fitness Centre
Kid's play Area
Party Room
Pet Relief Area
Courtyard
EV Parking

REGISTER FOR FLOOR PLANS AND PRICING FOR NORDIC CONDOS

YES I WANT ACCESS

PRE-CONSTRUCTION CONDO FREQUENTLY ASKED QUESTIONS

The process to buying pre-construction condos can be quite rushed. When you register with us for a project, we’ll reach out to you to get your specifics, so it’s good to know in advance the type of unit you’re looking for and your budget. If you register ahead of the sales launch and are serious about buying, we will get you to fill out a builder suite request worksheet.

You can see the full Steps to Purchase here.

By submitting a worksheet, you increase your chances of getting your preferred suite. In essence, it is a suite request sheet. It shows the condo developer that there are interested buyers. Agents are then allocated suites based on the worksheets they submit.

Many pre-construction launches are fast-paced and extremely competitive with buildings selling out in 24 hours. In these launches a suite request worksheet submission is necessary to ensure that you actually have a possibility of receiving the suite you’d like (but this is never guaranteed).

You are not guaranteed to receive the suite you request and you are also in no way obligated to buy the suite you’ve been allocated.

Learn more about builder worksheets here.

We are unable to guarantee that the suite you request will be allocated to you and your agent. Many pre-construction sales launches are extremely competitive and fast-paced. To increase your odds of receiving an allocation it is best to be flexible on the type of suite, floor and exposure that you have requested. You are also in no way obligated to purchase the suite you’ve been allocated.

Learn more about builder worksheets here.

Pierre’s expertise in Toronto’s pre-construction condo market has earned him Platinum Broker status among Toronto’s top developers. This means that when you buy or invest with the Pierre Carapetian Group team, you have your pick of the best floor plans and the lowest pricing available.

We represent you, not the builder and we will always guide you towards projects that we believe are a good investment and have great resale value.

Download our Pre-Construction Investment Guide to get better acquainted with the process.

The deposit structure on pre-construction condos will vary from project to project but generally breaks down like this:
$5,000 on signing
balance to 5% in 30 days
5% in 60-90 days
5% in 120-270 days
5% on occupancy

Yes. As we mentioned, the process to buying pre-construction can be quite competitive and rushed. After you’ve signed an Agreement of Purchase and Sale with the builder you are given ten days to look over the contract and ensure everything looks good for you. Keep in mind, the cooling off period is ten consecutive days, not ten business days.

Getting a lawyer, preferably one who is familiar with pre-construction contracts, is never a bad idea. We would encourage our clients to have a real estate lawyer review their Agreement of Purchase and Sale during the Cooling Off period. If you need help finding a lawyer, we can introduce you to our lawyer who handles many of our pre-construction clients.

You won’t need a mortgage pre-approval right away, but it is always best to speak to your mortgage professional so that you fully understand your borrowing power.

You will however need a Mortgage Letter that states upon the building taking occupancy you will be able to afford and carry the property. Typically this is required within the first 30 days of signing. It is always a good idea to get a mortgage pre-approval in the beginning of your real estate journey so that you know how much you can afford.

On closing, which is three to four years after signing, you will need to pay closing costs. As with any property purchase you will have to pay:
• Legal fees (about $1,500-$2,000)
• Municipal & Provincial Land Transfer Tax (this will depend on the price of the property–use our Land Transfer Tax calculator)

In addition to these, pre-construction closing costs also include:
• Development charges (these vary per project depending on the unit type but can range from $5,000-$12,000)
• HST (for investors, which can be rebated back up to $24,000)

Read more on the nuances of Closing Costs here

This will depend on whether you are buying as an end user (planning to live there) or an investor. In Ontario, there are two types of HST Rebates in place for newly built properties.

If you are buying as an end user, typically the Ontario HST rebate is assigned to the builder directly upon closing, allowing the builder to essentially pay the cost of the HST from your purchase.

If you are buying as an investor, you must pay the HST upfront at closing and have your lawyer file for a full HST rebate, refunded 4 to 6 weeks later provided they have a one year lease in place.

You can read more on the HST Rebate here.